HighPeak Energy (NASDAQ:HPK) Shares Gap Up – Still a Buy?

Shares of HighPeak Energy, Inc. (NASDAQ:HPK) gapped up before the market opened on Thursday . The stock had previously closed at $6.30, but opened at $7.00. HighPeak Energy shares last traded at $7.1250, with a volume of 226,048 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HPK. Weiss Ratings reissued a “sell (d+)” rating on shares of HighPeak Energy in a research report on Monday, December 29th. Zacks Research raised HighPeak Energy from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, HighPeak Energy presently has a consensus rating of “Hold” and an average price target of $11.00.

HighPeak Energy Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.10 and a current ratio of 1.13. The company has a market cap of $871.88 million, a PE ratio of 76.68 and a beta of 0.60. The company’s 50 day moving average price is $5.60 and its 200-day moving average price is $5.75.

HighPeak Energy (NASDAQ:HPK) last released its quarterly earnings data on Saturday, January 31st. The company reported $0.82 EPS for the quarter. HighPeak Energy had a net margin of 2.33% and a return on equity of 2.11%. Equities research analysts anticipate that HighPeak Energy, Inc. will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HighPeak Energy

Several institutional investors have recently made changes to their positions in HPK. Caitong International Asset Management Co. Ltd bought a new position in shares of HighPeak Energy in the fourth quarter worth $29,000. Alpine Global Management LLC bought a new stake in shares of HighPeak Energy during the 4th quarter valued at $200,000. Aristides Capital LLC purchased a new stake in HighPeak Energy during the 4th quarter worth about $194,000. XTX Topco Ltd lifted its holdings in HighPeak Energy by 22.4% during the 4th quarter. XTX Topco Ltd now owns 59,225 shares of the company’s stock worth $281,000 after purchasing an additional 10,856 shares in the last quarter. Finally, Stokes Family Office LLC purchased a new stake in HighPeak Energy during the 4th quarter worth about $48,000. Hedge funds and other institutional investors own 24.13% of the company’s stock.

HighPeak Energy Company Profile

HighPeak Energy, Inc (NASDAQ: HPK) is a Delaware‐incorporated independent oil and natural gas exploration and production company. The firm focuses on the acquisition, development and exploitation of onshore petroleum assets in the continental United States. Its operations encompass the full upstream value chain, including exploration, drilling, completion and production activities aimed at maximizing hydrocarbon recovery and operational efficiency.

The company’s primary business activities include identifying and acquiring conventional and unconventional oil and gas properties, applying advanced drilling and completion technologies, and managing midstream logistics to optimize product flow.